Tax Reform and U.S. Economic Growth
评估1986年税改法案对美国经济增长的影响，计算企业、非企业和家庭部门的资本收入有效税率，并预测有无税改的经济增长路径。研究发现，未对所得税基进行通胀指数化削弱了大部分潜在福利，未来改革应扩大税基至家庭资产并降低企业税率。
In this paper we evaluate the impact of the Tax Reform Act of 1986 on U.S. economic growth. We first calculate effective tax rates on income from capital employed in corporate, noncorporate, and household sectors. We then project the future growth of the U.S. economy with and without the 1986 tax reform. We find that much of the potential gain in welfare was dissipated through failure to index the income tax base for inflation. The most promising avenue for future reform is to include income from household assets in the tax base, while reducing tax rates on business income.